--The Spanish government on Thursday decreed that banks, and not clients, will have to pay the stamp duty tax on mortgages, reports EFE.

--The decree follows confusion about who had to pay the tax after a Supreme Court ruled this week that clients were responsible for paying the tax, reversing a previous ruling from October that it was in fact the banks' responsibility. Up until now, it was clients who paid the tax.

 

Full story in Spanish: https://bit.ly/2qBaYjp

 

Write to Barcelona editors at barcelonaeditors@dowjones.com

 

(END) Dow Jones Newswires

November 08, 2018 13:14 ET (18:14 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
Banco Santander (NYSE:STD)
Historical Stock Chart
From Oct 2024 to Nov 2024 Click Here for more Banco Santander Charts.
Banco Santander (NYSE:STD)
Historical Stock Chart
From Nov 2023 to Nov 2024 Click Here for more Banco Santander Charts.